Emerging Capital Markets: Theory & Pract
- Department: International Finance & Economic Policy
- 3 points
Green Transition in Emerging Markets
Greening Emerging Markets
The transition to a net-zero economy is of particular relevance to Emerging and Developing economies, which are both the most vulnerable to climate change and also the largest emitters of greenhouse gases.
The transition is creating considerable challenges but also opening up significant opportunities: over $200 trillion of investments will be needed in order to ensure that global temperatures stay well below 2°C above pre-industrial levels, with most to be invested in the infrastructure sector of emerging and developing economies.
The class will explore the challenges of the transition to a low-carbon economy. It will also examine the new mechanisms that are being put in place to channel finance toward the greening of emerging and developing countries.
- Department: International Finance & Economic Policy
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Instructor:
Christian Deseglise
Wikipedia Info - 1.5 points
Intelligence and US Foreign Policy
Intelligence & US Foreign
Instructor permission required. Join the waitlist in Vergil to request registration.
This seminar explores the role of intelligence in U.S. national security and foreign policy, focusing on both historic and contemporary controversies. Topics include intelligence failures such as 9/11 and Iraq’s WMDs, challenges in cyber and surveillance, and debates about covert action and interrogation practices. The course also considers the Intelligence Community’s (IC) relationship with policymakers, particularly during election cycles and presidential transitions. Recent failures in Russia and Israel will prompt discussion on whether intelligence failures are inevitable and how success or failure should be defined. Students will examine the core functions of intelligence—collection (human, technical, cyber), analysis, and covert action—and their place in a democratic society. Readings focus on the post-WWII period to the present, with an emphasis on reform efforts. Guest speakers and a crisis simulation will provide practical insight into intelligence work, including real-world pressures faced by analysts and decision-makers.
- Department: International Security & Diplomacy
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Instructor:
Peter Clement
Info - 3 points
Climate Change & ESG Investing
This course explores how Environmental, Social, and Governance (ESG) and climate considerations are reshaping public market investment strategies. Students will learn how institutional investors use ESG signals and climate-related data to assess risk, identify opportunity, and support real-world outcomes—all while meeting fiduciary obligations.
The class introduces the concept of the “Double Bottom Line,” or double materiality, where financial performance and sustainability impact are jointly pursued. Students will examine active and index-based approaches to climate and ESG investing, review emerging academic research, and hear from guest speakers on the evolving landscape of sustainable finance.
A key course deliverable is a student-designed investment strategy that applies the Double Bottom Line framework to a climate or ESG theme, demonstrating how it could drive financial returns and measurable impact.
This course is intended for students planning careers in asset management, policy, sustainability, or ESG advisory roles. It focuses exclusively on public markets and complements SIPA courses covering private finance and regulatory approaches.
Students should know basic finance concepts like beta, the Capital Asset Pricing Model, equilibrium, active and passive management, and portfolio risk and return. Students should be familiar with some basic knowledge of statistics, like the concepts of statistical significance and regressions. At least one semester of statistics is required. We recommend that students have taken some previous classes in finance, management, sustainability, or quantitative analysis.
- Department: Climate, Energy, & Environment
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Instructor:
Andrew Ang
Info - 1.5 points
Data Science and Public Policy
Pre-req: SIPA IA6501 - Quant II or equivalent quantitative methods course. Instructor permission required. Join the waitlist in Vergil to request registration.
This course bridges the gap between data science and public policy by bringing together students from diverse academic backgrounds to address contemporary policy challenges using large-scale data. With the rapid growth of digital information and the increasing influence of machine learning and AI on public life, the ability to work across disciplines is becoming essential.
Students will examine real-world datasets on topics such as disinformation campaigns, privacy and surveillance, crime and recidivism, natural disasters, and the impact of generative AI. Through weekly presentations and a semester-long team project, students will gain practical experience applying data science methods to pressing policy issues while learning how to collaborate across fields.
- Department: Data Science for Policy
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Instructor:
Tamar Mitts
h-index: 5 Info - 3 points
Text as Data
Pre-req: SIPA IA6500 - Quant I, and prior experience with R are required. Instructor permission required. Join the waitlist in Vergil to request registration.
This course introduces students to the quantitative analysis of text, an increasingly important method in the social sciences and public policy. With vast amounts of textual information now available from sources such as social media, news articles, political speeches, and government documents, the ability to analyze text systematically is essential. Students will learn how to collect, process, and analyze text data to answer meaningful research questions.
The course covers a range of methods including dictionary-based approaches, supervised classification, topic modeling, word embeddings, and emerging applications of Large Language Models. Emphasis is placed on practical application through hands-on exercises using the R programming language. By the end of the semester, students will develop an original research project using text as data.
- Department: Data Science for Policy
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Instructor:
Tamar Mitts
h-index: 5 Info - 3 points
Asian Financial Markets
Pre-req: SIPA IA6401 - Macroeconomic Analysis.
This course offers a comprehensive examination of the structure, evolution, and policy challenges of financial markets across Asia, focusing on key economies including Japan, China, India, South Korea, and ASEAN member states. It provides a historical overview of Asian financial development from the 1960s to the present, emphasizing the role of financial markets in supporting economic growth.
A central focus of the course is the Asian Financial Crisis of 1997–98, exploring its causes, policy responses, and long-term impacts on financial governance. Students will analyze the IMF’s controversial role during the crisis and the subsequent shift in Asian countries’ approaches to capital flows, exchange rate regimes, and monetary policy. The course also investigates the region’s efforts toward financial integration, cooperation, and institutional reform.
The second half of the course reviews the development trajectories of individual financial markets across Asia, with particular attention to Japan’s liberalization and demographic challenges, China’s rise and its promotion of the Renminbi as a global currency, and India’s financial sector reforms. The course further explores emerging issues including central bank digital currencies (CBDCs), infrastructure investment, and regional responses to global financial shifts.
Students will engage with current policy debates, case studies, and academic literature to understand the interplay between macroeconomic policy, financial regulation, and international finance in Asia.
- Department: International Finance & Economic Policy
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Instructor:
Silvia Pezzini
Info - 3 points
Terrorism and Counterterrorism
This course examines the origins and development of modern terrorism, the challenges it poses to states and the international system, and the strategies employed to confront it. The course explores a wide range of terrorist groups, assessing the psychological, political, socioeconomic, and religious factors that contribute to terrorist violence. Students will also evaluate the effectiveness and ethical implications of various counterterrorism approaches. The course is structured in two parts. Part I addresses the nature, causes, tactics, and objectives of terrorism and terrorist organizations. Part II focuses on counterterrorism, including U.S. policy responses, international strategies, and the tension between security and democratic values.
- Department: International Security & Diplomacy
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Instructor:
Stuart M Gottlieb
CULPA: 12
Info
- 3 points
Seminar in Urban Politics and Policy
S. Urban Politics and Pol
All public policy occurs within a political context. The purpose of this seminar is to examine how politics impacts policy in America’s large cities. While we rely on case material from American cities, the theoretical frameworks, problems, and policy solutions we consider are relevant to understanding public policy in any global city.
Cities are not legal entities defined in the American Constitution. Yet, historically, they have developed a politics and policymaking process that at once seems archetypically American and strangely foreign. We will consider who has power in cities and how that impacts policy priorities; whether America’s traditional institutions of representation “work” for urban America; how the city functions within our federal system; and whether neighborhood democracy is a meaningful construct. We will also consider the impact of politics on urban policymaking. Can cities solve the myriad problems of their populations under existing institutional arrangements? How are cities being affected by the post-pandemic work-from-home economy? Do the economic and social factors that impact urban politics and policy limit a city’s capacity to find and implement solutions to urban problems? How has increasing income inequality and persistent racial discrimination impacted urban governance and policy making? Does political protest result in changes in urban policy? Finally, can urban politics be restructured to better address problems of inequity and racial justice. Do cities have a viable economic future in post-pandemic America?
- Department: Urban and Social Policy
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Instructor:
Ester Fuchs
CULPA: 4 Wikipedia Info - 3 points
Advanced Computing for Policy
Pre-req: DSPC IA6000 - Computing in Context,
or see option for testing out
.
In Computing in Context, students "explored computing concepts and coding in the context of solving policy problems." Building off that foundation of Python fundamentals and data analysis, Advanced Computing for Policy goes both deeper and broader. The course covers computer science concepts like data structures and algorithms, as well as data engineering tools like databases, cloud services, and collaboration tools. Over the semester, students will build a complex end-to-end data system. This course prepares students for more advanced data science coursework at SIPA, and equips them to do sophisticated data ingestion, analysis, and presentation. It's particularly well-suited to students looking to do data work in the public sector, not-for-profits, and academia.
- Department: Data Science for Policy
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Instructor:
Aidan Feldman
Info - 3 points
Finance, Policy, and Investments in Sub-
Fince & Policy: Sub-Sahar
Finance, Policy, and Investments in Sub-Saharan Africa examines the interaction between public policy, financial systems, and private investment across selected countries in sub-Saharan Africa. The course focuses on how governments, financial institutions, and investors design and implement policies, financial products, and investment strategies to address development challenges and unlock economic opportunities.
Through comparative case studies and guest lectures by senior policymakers and industry leaders, students analyze real-world examples spanning banking reform, development finance, mobile money, health and financial inclusion, private equity, and infrastructure investment. Each case highlights the underlying market conditions, policy frameworks, investment structures, and measurable outcomes, with attention to both successes and limitations.
Designed for students interested in international finance, economic policy, and emerging markets, the course equips participants with analytical tools to assess risk, evaluate policy effectiveness, and understand how financial innovation can support inclusive growth in developing economies.
- Department: International Finance & Economic Policy
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Instructor:
Benedict O Okoh
CULPA: 1 Info - 1.5 points
Critical Issues in Urban Public Policy
This course is designed to prepare future policymakers to critically analyze and evaluate key urban policy issues in US cities. It is unique in offering exposure to both practical leadership experience and urban policy scholarship that will equip students to meet the challenges that face urban areas. Students are responsible for all the required readings and they will hear from an exciting array of guest lecturers from the governmental, not for-profit, and private sectors. Drawing from my experiences as former Mayor of Philadelphia, I will lay out fundamental issues of urban governance and policymaking, emphasizing the challenges and opportunities cities are now facing.
- Department: Urban and Social Policy
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Instructor:
Michael A Nutter
Info - 3 points
International Trade
IFEP Concentration Registration Priority.
This course explores both the theory and policy of international trade. In the first half, students will learn why countries trade, what determines trade patterns, and how trade affects prices, welfare, and income distribution. Key models covered include the Ricardian, Specific Factors, and Heckscher-Ohlin models, along with extensions on migration and offshoring. In the second half, the course focuses on trade policy instruments such as tariffs, quotas, and subsidies, examining their effects under different market structures. Topics include the political economy of trade, strategic trade policy, climate and agricultural subsidies, and international trade agreements. Prior coursework in microeconomics is required. Students will develop both analytical and applied understanding of global trade issues.
- Department: International Finance & Economic Policy
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Instructor:
Sebastian Heise
Info - 3 points
Conduct of War
The conduct of war is central to international security policy. Even when unused, the ability to wage war effectively underpins deterrence and shapes foreign policy. Military organization, training, and strategy are built around this capacity, and the institutions that support it exist largely to ensure effectiveness in conflict. A strong grasp of modern warfare theory and practice is essential for anyone pursuing a career in security policy. This course provides a foundation in the conduct of war, preparing students for professional roles in government agencies, legislative offices, think tanks, and international organizations. It focuses on developing the analytical skills and conceptual tools needed for early-career success and long-term growth in the defense policy field. While the course includes critical thinking and key concepts, it is intended as targeted professional preparation rather than general education. The course complements ISDI IA6000: Foundations of International Security Policy, ISDI IA7250: Military Technology Assessment, and ISDI IA7275: Methods for Defense Analysis. While these courses may be taken independently, this course does not address topics such as war’s causes, ethics, or technology evaluation, which are covered elsewhere. Instead, it concentrates on the theory and practice of how wars are conducted.
- Department: International Security & Diplomacy
- 3 points
The Politics of Defense in the United St
Politics of U.S. Defense
This course examines how national security and defense policy are developed and implemented in the U.S., focusing on political processes and institutional dynamics. Topics include military strategy, budgeting, force structure, acquisition, personnel policy, and the use of force. Students explore five key dimensions: partisan politics, Congress–Executive relations, civil-military relations, inter-service dynamics, and coordination across federal agencies. While grounded in U.S. policy, the course addresses global contexts and current debates, including defense reform, great-power competition, and the sustainability of the all-volunteer force. Readings span historical and contemporary sources.
- Department: International Security & Diplomacy
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Instructor:
Michael O'Hanlon
Wikipedia Info - 3 points
International Political Economy
Int'l Political Economy
IFEP Concentration Registration Priority.
This course examines the intersection of international politics and international economics. It covers an analysis of the historical background to and contemporary reality of the political economy of international trade, finance, monetary relations, foreign investment, and climate policy; problems of economic development; and globalization.
- Department: International Finance & Economic Policy
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Instructor:
Markus H Jaeger
Info - 3 points
RESEARCH METHS GLOBAL & POP HEALTH
RSRH METH GLOB & POP HLTH
- Department: Medicine
- 0-2 points
Writing About War: Seeking Narratives in
In Writing about War, seminar participants engage with a pressing matter of our age: how to evaluate facts and context and create compelling and precise narratives from the fog of war. This intensive writing seminar explores the special challenges of creating narrative and assessing truth claims in the context of violent conflict. In this course you will grow as a writer through extensive practice reporting, writing, revising, and editing your own work and that of your peers.
We will read accounts produced as journalism, policy analysis, advocacy, literature, and philosophy. We will discuss ongoing conflicts as well as historical cases, and grapple with questions of policy and ethics. Students will produce original reported narrative writing about conflict, which they may try to place for publication. Students should expect to write or revise an original piece most weeks of the semester.
This course cultivates useful skills for any writer, whether they plan to write about conflict as a journalist, advocate, aid worker, policy analyst, or other field. The instructor places a premium on critical thinking and clear writing; grades reflect participation, effort, clarity of thought, reporting initiative, and narrative craft.
- Department: International Security & Diplomacy
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Instructor:
Athanasios Cambanis
Info - 3 points
International Trade and Financial Market
Intl Trade & Financial Ma
This half-course examines the intersection of international trade and financial markets, exploring how global commerce both shapes and is shaped by macroeconomic policy, financial conditions, and firm-level strategic behavior. The course aims to bridge two traditionally distinct analytical lenses — international macroeconomics and micro-level trade and corporate dynamics — to provide students with an integrated understanding of how trade policies, capital flows, and multinational production networks interact in a financially interconnected world.
The first half of the course (Macro) focuses on the policy dimensions of international trade. It investigates how trade policies influence growth, inflation, and monetary policy in advanced economies, and how these same dynamics play out in emerging markets with more volatile macro-financial linkages. Students will analyze theoretical frameworks for tariffs and trade balances alongside empirical evidence from historical and contemporary policy shifts. Case studies will explore the commodity–currency nexus, crisis transmission through trade channels, and how financial markets price trade risk.
The second half (Micro) transitions to the firm and industry level, examining global supply chains and multinational corporations. The discussions will explore how geopolitical tensions, industrial policies, and technological change are reshaping global production networks. Students will assess the evolving role of multinational enterprises as both transmitters and mitigators of global shocks. Case studies will focus on critical materials and the technology sector, highlighting the strategic and policy implications of concentrated global value chains.
- Department: International Finance & Economic Policy
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Instructor:
Benjamin R Mandel
Info - 1.5 points
Firms, Governments & the Global Trading
Firms Govs & Global Trade
Given the dramatic changes in US Trade Policy, businesses and governments are having to navigate a patchwork of “managed trade” agreements and myriad tariff rates and non-tariff barriers. This short course will equip students with a solid grasp of the fundamentals of the current world trading system – both the “multilateral” system centered on the WTO and still practiced among most countries, as well as the US-centered multiplex system created by the Trump II Administration. The impact on businesses and governments will be examined through a series of interactive classes, business case studies, and executive guest speakers. The course will also explore “Stakeholder Engagement” techniques used by Multinational Corporations seeking to secure competitive advantage in this new environment.
- Department: International Finance & Economic Policy
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Instructor:
Michael R McAdoo
Info - 1.5 points
Human Rights and the Politics of Inequal
Human Rights & Inequality
This course examines the intersection of human rights and economic inequality, exploring how political and economic governance influence access to rights and justice. Students will assess how human rights principles are integrated into economic policy frameworks, including trade, labor, development, and environmental regulation, and how these frameworks shape both public accountability and corporate responsibility.
Through case studies and policy analysis, the course introduces practical tools for advancing human rights in multilateral institutions, national governments, and private-sector operations. Topics include the role of grievance mechanisms tied to trade agreements and development finance, global supply chains, labor standards, and the impact of environmental policy on marginalized populations. Students will analyze pathways to embed human rights criteria into decision-making, and consider the limits and opportunities of current governance structures in addressing inequality.
- Department: Human Rights, Gender, and Equity
- 3 points
Rethinking Human Rights and Humanitarian
Rethinking Rights & Aid
This advanced seminar critically examines the evolving challenges, limitations, and potential of human rights and humanitarianism as frameworks for justice and global governance. Centering human rights discourse, the course invites students to examine foundational concepts such as universality, accountability, sovereignty, and identity, while addressing complex topics and challenging cases. Through case studies, normative debates, and applied advocacy tools, students explore the responsibilities of state and non-state actors, the contested definition of the “human” in rights claims, and strategies for persuasion, enforcement, and reform in both policy and practice. Course themes include: The political limits and promise of human rights in global and national contexts; Accountability gaps across governments, corporations, and armed groups; The status of refugees, displaced persons, and marginalized groups; Humanitarian dilemmas, transitional justice, and foreign policy advocacy; The rise and fall of doctrines such as Responsibility to Protect (R2P); and Pragmatism, realism, and human rights under states of exception.
- Department: Human Rights, Gender, and Equity
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Instructor:
Andrew C Heinrich
Info - 3 points
Intro to American Civil-Military Relatio
How does, and how should, the United States manage the relationship between elected leadership, the military, and society? This course will examine the history and current state of American civil-military relations, helping students place current challenges and debates within historical and theoretical context while also providing a better understanding of the relationship between elected political leadership, the military, and the people they both serve. This course places a special focus on the unique challenges the US faces in maintaining healthy civil-military relations in an era of heightened partisan polarization and political change.
- Department: International Security & Diplomacy
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Instructor:
Jason K Dempsey
Info - 3 points
Using Big Data to Develop Public Policy
Using Data for Policy Des
This applied course provides students with foundational skills to analyze and interpret publicly available datasets for public policy decision-making. Emphasizing hands-on learning, the course covers data sourcing, cleaning, research design, statistical analysis, and data visualization using Stata. Students will explore real-world challenges across topics such as poverty, education, housing, and public health, culminating in a data-based policy memo developed through collaborative group work.
- Department: Urban and Social Policy
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Instructor:
Francesco Brindisi
CULPA: 1 Info - 3 points
Energy and Power Financing Markets
Energy & Power Finance Ma
This course explores the financing structures that underpin the development and transformation of global energy and power markets. Students will examine how asset-based, project, and tax-driven financing mechanisms have evolved to meet the growing demands for conventional and clean energy, and how these tools can be leveraged to support the transition to a low-carbon economy. Through case studies and lectures, the course introduces the financial, regulatory, and policy frameworks that shape energy markets, with an emphasis on U.S. practices and instruments. Topics include reserve-based lending in oil and gas, project financing for power generation, Master Limited Partnerships in midstream infrastructure, and renewable energy finance strategies. Special focus is placed on aligning commercial viability with sustainable development objectives, addressing greenhouse gas emissions, and ensuring affordable access to energy. Students will develop applied skills in evaluating financing approaches, assessing project risks, and reconciling financial structures with physical energy system requirements.
- Department: Climate, Energy, & Environment
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Instructor:
Brooks James Klimley
Info - 3 points
Rethinking Policing in the 21st Century
Rethinking Policing-21st
This course examines modern policing in the United States through historical, legal, racial, and political lenses. Students will explore the evolution of policing practices and their implications for civil rights, public trust, and public safety. Key topics include police recruitment and training, disciplinary procedures, technology in law enforcement, use-of-force guidelines, and the impact of police unions. The course will evaluate the role of social movements, such as Black Lives Matter, in advancing reform and will analyze policy recommendations implemented in cities across the U.S. and abroad. Students will engage with current scholarship, government reports, and case studies to assess efforts to reimagine public safety, address systemic racism, and improve police-community relations. The course culminates in a policy-oriented final paper proposing actionable reform strategies.
- Department: Urban and Social Policy
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Instructor:
Basil A Jr Smikle
Info - 3 points
Renewable Energy Project Finance Modelin
Renewable Energy Finance
This course provides a rigorous introduction to renewable energy project finance modeling, focusing on the concepts, structures, and financial mechanisms that underpin investment in renewable energy projects such as wind and solar. Through lectures, demonstrations, and guided analysis of actual project documents and contracts, students will develop a comprehensive understanding of the key drivers of renewable energy economics and financing.
Students will examine debt structuring, cash flow analysis, revenue modeling, risk assessment, tax incentives, and the impact of policies such as the Inflation Reduction Act. The course emphasizes the development of best practices in financial modeling and the critical evaluation of project structures, with particular attention to the challenges and considerations unique to renewable energy assets.
Participants will learn to analyze project agreements, assess project risks, build robust financial models, and evaluate project viability from the perspective of developers, lenders, and investors. The curriculum integrates lectures on technical and contractual fundamentals, discussion of policy implications, and instruction on modeling techniques, culminating in the creation of a detailed project finance model.
- Department: Climate, Energy, & Environment
- 3 points
Methods for Defense Analysis
Defense policy involves some of the highest stakes in government, often concerning life-or-death decisions. It is also a major employer, with U.S. government agencies, think tanks, and contractors relying on formal analysis to guide decisions ranging from equipment purchases to national military strategy. A large, trained workforce produces these studies, while others must critically assess their findings. Although most robust in the U.S., similar analytic work exists globally.
This intellectually demanding field requires strong methods and integrity. Poorly designed studies can distort decision-making, while sound analysis improves it. This course prepares students to work effectively as entry-level defense analysts or as informed consumers of analysis. Emphasis is placed on research design, which is often the key determinant of a study’s success. Through methodological training and critique of exemplar analyses, students will build the skills and intellectual foundations to advance quickly in the field and help shape its future. This is not a course in defense policy topics, but in the design and evaluation of defense analysis.
- Department: International Security & Diplomacy
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Instructor:
Stephen Biddle
Wikipedia Info - 3 points
Human Rights Simulation
Fall 2026 Course Dates: September 18 & October 2, 2026.
This simulation course is a short two-day course designed to enable participating students to weigh and apply human rights principles, best practices, and standards to simulated human rights emergencies. The simulation exercise challenges student participants with issues facing human rights practitioners when responding to human rights crises and provides practice operating within the human rights system and devising innovative solutions to complex challenges. Participants will evaluate data reports, assess relevant human rights tools and mechanisms, and propose interventions. The simulation will include a day of simultaneous exercises, followed by another day of debriefing, evaluation, and identification of key challenges and lessons.
- Department: Human Rights, Gender, and Equity
- 1.5 points
Economic Development for International A
The course has two broad objectives: 1) to explore how economics can be used to understand various facets of development and 2) to provide tools and skills useful in policy work. In the course, we will describe the basic facts surrounding the development process and use economic theory to make sense of these facts and to identify gaps in our understanding. We will also learn about the tools that development economists use to fill in those gaps. These will include analyzing real-world data and thinking in terms of causality and its relevance for policy. Specific modules/topics in the class include: 1) What is Development, 2) Distribution of Income and Human Resources, 3) Randomized Controlled Trials, 4) Growth Models, 5) Trade and Development, 6) Sustainability Topics
- Department: Development and Governance
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Instructor:
Andrew Simons
Info - 3 points